Job Description

About Persistent

We are an AI-led, platform-driven Digital Engineering and Enterprise Modernization partner, combining deep technical expertise and industry experience to help our clients anticipate what’s next. Our offerings and proven solutions create a unique competitive advantage for our clients by giving them the power to see beyond and rise above. We work with many industry-leading organizations across the world, including 20 Fortune 50 companies and 4 of the 5 top banks in both the US and India, and numerous innovators across the healthcare ecosystem.

Our disruptor’s mindset, commitment to client success, and agility to thrive in the dynamic environment have enabled us to sustain our growth momentum. Persistent has been recognized across top industry platforms for innovation, leadership, and inclusion. We reported $1,654.4M FY26 revenue with 17.4% Y-o-Y growth. We have delivered 24 sequential quarters of growth with $436.0M in Q4 FY26 revenue, up 3.2% Q-o-Q and 16.2% Y-o-Y growth. Our 27,500+ global team members, located in 18 countries, have been instrumental in helping the market leaders transform their industries. We have been recognized as the Fastest Growing IT Services Brand Globally in the 2026 Brand Finance IT Services 25 Report. We named a Leader in the Everest Group Private Equity (PE) Services PEAK Matrix® Assessment 2026 and Software Product Engineering PEAK Matrix® Assessment 2026.

About Position:

We are seeking an experienced Business Analyst - Islamic Banking to join our team and play a key role in delivering business and technology solutions across Islamic Banking, Loan Servicing, and Core Banking platforms. The ideal candidate will possess deep domain expertise in Islamic Banking products, financing operations, and Sharia-compliant banking processes, along with strong business analysis capabilities to gather, analyze, and translate business requirements into functional solutions.

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Role: Business Analyst -Islamic Banking
- Location: All Persistent Locations
- Experience: 8 to 12 Years
- Job Type: Full-Time Employment

What You'll Do:

- Elicit, analyze, and document business,



functional, and non-functional requirements.
- Lead workshops with business stakeholders, product owners, architects, and technology teams.
- Define end-to-end business processes for Islamic financing products including Home Finance, Personal Finance, Commercial Finance, Asset Finance, Ijarah and Murabaha-based products.
- Analyze and document financing servicing requirements including Disbursements, Profit calculations and accruals, Repayment schedules, Early settlements, Restructuring and rescheduling, Arrears management and collections, Account closure and recoveries.
- Work closely with solution architects and engineering teams to define API requirements, integration specifications, and business rules.
- Produce high-quality BRDs, user stories, process maps, data mappings, and acceptance criteria.
- Support core banking migrations, system enhancements, and integration initiatives.

Expertise You'll Bring:

- 8-12 years of experience as a Business Analyst in Banking or Financial Services.
- Strong experience in Business Analysis (BA), requirement gathering, and stakeholder management.
- Deep understanding of Islamic Banking products, processes, and Sharia-compliant financing principles.
- Hands-on experience in Loan Servicing and lending operations.
- Experience working with Core Banking platforms and banking transformation programs.
- Knowledge of API integrations, system interfaces, and digital banking ecosystems.
- Expertise in preparing BRD, FRD, user stories, process flow diagrams, and functional specifications.
- Strong understanding of SDLC, Agile, Scrum, and Waterfall delivery methodologies.
- Excellent analytical, problem-solving, and communication skills.




- Ability to work effectively with cross-functional teams in a fast-paced environment.
- Collaborate with QA teams during SIT and UAT phases and support defect triage activities.
- Ensure compliance with regulatory, audit, and Shariah governance requirements.
- Strong understanding of RESTful APIs and microservices architecture.
- Experience working with middleware and integration platforms.
- Hands-on experience with one or more core banking platforms such as Mambu, Temenos Transact, Finastra, Oracle FLEXCUBE, Finacle, Other modern core banking systems.

Benefits:

- Competitive salary and perks package
- Culture focused on talent development with quarterly growth opportunities and company-sponsored higher education and certifications
- Opportunity to work with cutting-edge technologies
- Employee engagement initiatives such as project parties, flexible work hours, and Long Service awards
- Annual health check-ups
- Insurance coverage: group term life, personal accident, and Medicwlo,laim hospitalization for self, spouse, two children, and parents

Values-Driven, People-Centric & Inclusive Work Environment:

Persistent is dedicated to fostering diversity and inclusion in the workplace. We invite applications from all qualified individuals, including those with disabilities, and regardless of gender or gender preference. We welcome diverse candidates from all backgrounds.

- We support hybrid work and flexible hours to fit diverse lifestyles.
- Our office is accessibility-friendly, with ergonomic setups and assistive technologies to support employees with physical disabilities.
- If you are a person with disabilities and have specific requirements, please inform us during the application process or at any time during your employment

Let’s unleash your full potential at Persistent - persistent.com/careers

“Persistent is an Equal Opportunity Employer and prohibits discrimination and harassment of any kind.”

1

Open Positions

Banking Products,Business Analysis

Skills Required

PUNE

Location

Banking Products,Business Analysis

Desirable Skills

183010

Job Code

📌 Business Analyst - Islamic Banking (India)
🏢 Persistent
📍 India